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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT (Tables)
12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Statements of Operations
SEMPRA
CONDENSED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts; shares in thousands)
 Years ended December 31,
 202320222021
Interest income$31 $35 $11 
Interest expense(444)(326)(576)
Operating expenses(101)(92)(92)
Other income (expense), net31 (58)20 
Income tax benefit134 111 190 
Loss before equity in earnings of subsidiaries(349)(330)(447)
Equity in earnings of subsidiaries, net of income taxes3,423 2,468 1,764 
Net income3,074 2,138 1,317 
Preferred dividends(44)(44)(63)
Earnings$3,030 $2,094 $1,254 
Basic EPS:
Earnings$4.81 $3.32 $2.01 
Weighted-average common shares outstanding630,296 630,318 623,510 
Diluted EPS:
Earnings$4.79 $3.31 $2.01 
Weighted-average common shares outstanding632,733 632,757 626,073 
See Notes to Condensed Financial Information of Parent.
Schedule Of Condensed Statements Of Comprehensive Income
SEMPRA
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
 Years ended December 31, 2023, 2022 and 2021
 Pretax
amount
Income tax
benefit (expense)
Net-of-tax
amount
2023:   
Net income$2,940 $134 $3,074 
Other comprehensive income (loss):   
Foreign currency translation adjustments23 — 23 
Financial instruments57 (18)39 
Pension and other postretirement benefits(39)(31)
Total other comprehensive income41 (10)31 
Comprehensive income$2,981 $124 $3,105 
2022:   
Net income$2,027 $111 $2,138 
Other comprehensive income (loss):   
Foreign currency translation adjustments11 — 11 
Financial instruments221 (55)166 
Pension and other postretirement benefits(6)(3)
Total other comprehensive income235 (61)174 
Comprehensive income$2,262 $50 $2,312 
2021:   
Net income$1,127 $190 $1,317 
Other comprehensive income (loss):   
Foreign currency translation adjustments(6)— (6)
Financial instruments191 (47)144 
Pension and other postretirement benefits28 (6)22 
Total other comprehensive income213 (53)160 
Comprehensive income$1,340 $137 $1,477 
See Notes to Condensed Financial Information of Parent.
Schedule Of Condensed Balance Sheets
SEMPRA
CONDENSED BALANCE SHEETS
(Dollars in millions)
December 31,
 20232022
Assets:  
Cash and cash equivalents$$219 
Restricted cash
Due from affiliates105 102 
Income taxes receivable, net— 104 
Other current assets11 17 
Total current assets121 443 
Investments in subsidiaries38,499 35,209 
Due from affiliates18 20 
Deferred income taxes429 233 
Other long-term assets1,095 1,050 
Total assets$40,162 $36,955 
Liabilities and shareholders’ equity:  
Short-term debt$365 $454 
Due to affiliates235 226 
Other current liabilities819 566 
Total current liabilities1,419 1,246 
Long-term debt8,461 7,215 
Due to affiliates988 776 
Other long-term liabilities619 603 
Commitments and contingencies (Note 4)
Shareholders’ equity28,675 27,115 
Total liabilities and shareholders’ equity$40,162 $36,955 
See Notes to Condensed Financial Information of Parent.
Schedule of Condensed Statements of Cash Flows
SEMPRA
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in millions)
 Years ended December 31,
 202320222021
Net cash provided by (used in) operating activities$1,576 $775 $(255)
Expenditures for property, plant and equipment(5)(7)(8)
Proceeds from sale of assets— — 
Capital contributions to investees(1,749)(661)(1,005)
Disbursement for note receivable— — (305)
Distributions from investments108 — 1,552 
Purchases of trust assets(78)(114)— 
Proceeds from sales of trust assets69 123 — 
Increase in loans to affiliates, net(90)(92)(20)
Other(1)(3)— 
Net cash (used in) provided by investing activities(1,744)(754)214 
Common dividends paid(1,483)(1,430)(1,331)
Preferred dividends paid(44)(44)(99)
Issuances of common stock, net 145 
Repurchases of common stock(32)(478)(339)
Issuances of debt (maturities greater than 90 days)1,918 1,569 990 
Payments on debt (maturities greater than 90 days)(672)(322)(3,200)
(Decrease) increase in short-term debt(89)(785)1,240 
Increase (decrease) in loans from affiliates, net220 (226)1,092 
Purchases of noncontrolling interests— — (217)
Proceeds from sale of noncontrolling interests— 1,732 1,846 
Make-whole premiums related to early redemptions of debt— — (121)
Other (10)(8)(2)
Net cash (used in) provided by financing activities(47)12 (136)
Effect of exchange rate changes on cash, cash equivalents and restricted cash— (1)(1)
(Decrease) increase in cash, cash equivalents and restricted cash(215)32 (178)
Cash, cash equivalents and restricted cash, January 1220 188 366 
Cash, cash equivalents and restricted cash, December 31$$220 $188 
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES   
Issuance of common stock in exchange for NCI and related AOCI$— $— $1,373 
Conversion of mandatory convertible preferred stock — — 2,258 
Preferred dividends declared but not paid11 11 11 
Common dividends declared but not paid376 360 349 
Equitization of amounts due from affiliates92 93 4,351 
Interest capitalized to note receivable from unconsolidated affiliates16 18 — 
See Notes to Condensed Financial Information of Parent.
Schedule Of Long-term Debt
The following tables show the detail and maturities of long-term debt outstanding.
LONG-TERM DEBT AND FINANCE LEASES
(Dollars in millions)
 December 31,
 20232022
SDG&E: 
First mortgage bonds (collateralized by plant assets): 
3.6% September 1, 2023
$— $450 
2.5% May 15, 2026
500 500 
6% June 1, 2026
250 250 
4.95% August 15, 2028
600 — 
1.7% October 1, 2030
800 800 
3% March 15, 2032
500 500 
5.35% May 15, 2035
250 250 
6.125% September 15, 2037
250 250 
6% June 1, 2039
300 300 
5.35% May 15, 2040
250 250 
4.5% August 15, 2040
500 500 
3.95% November 15, 2041
250 250 
4.3% April 1, 2042
250 250 
3.75% June 1, 2047
400 400 
4.15% May 15, 2048
400 400 
4.1% June 15, 2049
400 400 
3.32% April 15, 2050
400 400 
2.95% August 15, 2051
750 750 
3.7% March 15, 2052
500 500 
5.35% April 1, 2053
800 — 
 8,350 7,400 
Other long-term debt (uncollateralized): 
Notes at variable rates (5.99% at December 31, 2023) February 18, 2024(1)
400 400 
Finance lease obligations:
Power purchase agreements1,166 1,194 
Other67 62 
1,633 1,656 
9,983 9,056 
Current portion of long-term debt and finance leases(441)(489)
Unamortized discount on long-term debt(29)(20)
Unamortized debt issuance costs(60)(50)
Total SDG&E$9,453 $8,497 
(1)    Callable long-term debt not subject to make-whole provisions.
LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
 December 31,
 20232022
SoCalGas:
First mortgage bonds (collateralized by plant assets):
3.15% September 15, 2024
$500 $500 
3.2% June 15, 2025
350 350 
2.6% June 15, 2026
500 500 
2.55% February 1, 2030
650 650 
5.20% June 1, 2033
500 — 
5.75% November 15, 2035
250 250 
5.125% November 15, 2040
300 300 
3.75% September 15, 2042
350 350 
4.45% March 15, 2044
250 250 
4.125% June 1, 2048
400 400 
4.3% January 15, 2049
550 550 
3.95% February 15, 2050
350 350 
6.35% November 15, 2052
600 600 
5.75% June 1, 2053
500 — 
6,050 5,050 
Other long-term debt (uncollateralized):
Notes at variable rates (5.10% at December 31, 2022) September 14, 2023(1)
— 300 
1.875% Notes May 14, 2026(1)
2.95% Notes April 15, 2027
700 700 
5.67% Notes January 18, 2028(2)
Finance lease obligations107 87 
816 1,096 
6,866 6,146 
Current portion of long-term debt and finance leases(523)(318)
Unamortized discount on long-term debt(13)(12)
Unamortized debt issuance costs(42)(36)
Total SoCalGas$6,288 $5,780 
(1)    Callable long-term debt not subject to make-whole provisions.
(2)    Debt is not callable.
LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
 December 31,
 20232022
Other Sempra: 
Sempra - Other long-term debt (uncollateralized): 
3.3% Notes April 1, 2025
$750 $750 
5.40% Notes August 1, 2026
550 — 
3.25% Notes June 15, 2027
750 750 
3.4% Notes February 1, 2028
1,000 1,000 
3.7% Notes April 1, 2029
500 500 
5.50% Notes August 1, 2033
700 — 
3.8% Notes February 1, 2038
1,000 1,000 
6% Notes October 15, 2039
750 750 
4% Notes February 1, 2048
800 800 
4.125% Junior Subordinated Notes April 1, 2052(1)
1,000 1,000 
5.75% Junior Subordinated Notes July 1, 2079(1)
758 758 
 8,558 7,308 
Sempra Infrastructure - Other long-term debt (uncollateralized unless otherwise noted):
6.3% Notes (4.12% after cross-currency swap effective 2013) February 2, 2023
— 201 
Loan at variable rates (8.31% at December 31, 2023) December 9, 2025
832 575 
3.75% Notes January 14, 2028
300 300 
Loan including $200 at variable rates (5.33% after floating-to-fixed rate swaps
effective 2023) and $58 at variable rates (weighted-average rate of 7.37% at December 31, 2023) March 20, 2030, collateralized by plant assets(1)
258 — 
3.25% Notes January 15, 2032
400 400 
Loan at variable rates (4.03% after floating-to-fixed rate swap effective 2019)
payable June 15, 2022 through November 19, 2034(1)
96 98 
Loan at variable rates (4.03% after floating-to-fixed rate swap effective 2019)
payable June 15, 2022 through November 19, 2034(1)
96 98 
Loan at variable rates (2.38% after floating-to-fixed rate swap effective 2020)
payable June 15, 2022 through November 19, 2034(1)
96 98 
2.9% Loan payable June 15, 2022 through November 19, 2034(1)
231 236 
4.875% Notes January 14, 2048
540 540 
4.75% Notes January 15, 2051
800 800 
3,649 3,346 
12,207 10,654 
Current portion of long-term debt(11)(212)
Unamortized discount on long-term debt(66)(62)
Unamortized debt issuance costs(112)(109)
Total Other Sempra12,018 10,271 
Total Sempra$27,759 $24,548 
(1)    Callable long-term debt not subject to make-whole provisions.
The following table shows the detail and maturities of uncollateralized long-term debt outstanding.
LONG-TERM DEBT
(Dollars in millions)
December 31,
 20232022
3.3% Notes April 1, 2025
$750 $750 
5.40% Notes August 1, 2026
550 — 
3.25% Notes June 15, 2027
750 750 
3.4% Notes February 1, 2028
1,000 1,000 
3.7% Notes April 1, 2029
500 500 
5.50% Notes August 1, 2033
700 — 
3.8% Notes February 1, 2038
1,000 1,000 
6% Notes October 15, 2039
750 750 
4% Notes February 1, 2048
800 800 
4.125% Junior Subordinated Notes April 1, 2052(1)
1,000 1,000 
5.75% Junior Subordinated Notes July 1, 2079(1)
758 758 
 8,558 7,308 
Unamortized discount on long-term debt(29)(28)
Unamortized debt issuance costs(68)(65)
Total long-term debt$8,461 $7,215 
(1)    Callable long-term debt not subject to make-whole provisions.